The judge also approved the shuttering of the Trump Foundation, which began a dissolution process last year.
In a settlement agreement filed on Thursday, a New York State judge ordered President Donald Trump to pay $2 million to charities in relation to allegations that the Trump Foundation violated state charity laws and wrongly spent the funds.
In addition, the suit says they failed to provide oversight of the foundation's work and"caused and/or allowed the Foundation to misuse charitable assets for the benefit of Mr. Trump and his personal and/or business interests.
"He fully understood and intended the financial benefits he and his businesses would derive from the transactions," the suit states.NewsweekThe Washington PostThe additional $1.7 million, thesaid, is what remains in the Foundation. The Foundation told the newspaper it would donate the money to charities that include the Army Emergency Relief, City Meals-on-Wheels, Martha's Table, the Children's Aid Society, the United Negro College Fund and the U.S. Holocaust Memorial Museum.
"Today's settlement of the suit brought by the New York Attorney General's Office is a fitting and poetic end to this scandal," Bookbinder stated.
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